Civic Intelligence

Korean Service Center Inc.

990 • Fiscal year 2017 • EIN 41-1678348

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 26, 2018

Organization Profilewww.koreanservicemn.org
2417 Larpenteur AveLauderdale, MN 55113

(612) 342-1344

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.64x

Higher debt load relative to assets than 84% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

62nd percentile

0.18x

Higher debt load relative to revenue than 62% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

33rd percentile

-1.9%

Higher net margin than 33% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

56th percentile

$74,059

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

9th percentile

-14%

Faster asset growth than 9% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

38th percentile

0.1%

Faster revenue growth than 38% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$384,027

Down $63,482 (-14%) from 2016

Net Assets

Down

$138,264

Down $25,802 (-16%) from 2016

Liabilities

Down

$245,763

Down $37,680 (-13%) from 2016

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin33rd percentile

Revenue

Up

$1,328,607

Up $973 (+0.1%) from 2016

Expenses

Up

$1,354,409

Up $70,041 (+5.5%) from 2016

Net Income

Down

-$25,802

Down $69,068 (-160%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $322,465Liabilities 2010: $95,778Net Assets 2010: $226,6872010Assets 2011: $354,950Liabilities 2011: $211,108Net Assets 2011: $143,8422011Assets 2012: $335,643Liabilities 2012: $238,398Net Assets 2012: $97,2452012Assets 2013: $301,588Liabilities 2013: $229,497Net Assets 2013: $72,0912013Assets 2014: $309,358Liabilities 2014: $242,885Net Assets 2014: $66,4732014Assets 2015: $365,720Liabilities 2015: $244,920Net Assets 2015: $120,8002015Assets 2016: $447,509Liabilities 2016: $283,443Net Assets 2016: $164,0662016Assets 2017: $384,027Liabilities 2017: $245,763Net Assets 2017: $138,2642017Assets 2018: $425,954Liabilities 2018: $249,880Net Assets 2018: $176,0742018Assets 2019: $478,047Liabilities 2019: $241,391Net Assets 2019: $236,6562019Assets 2020: $1,082,179Liabilities 2020: $407,432Net Assets 2020: $674,7472020Assets 2021: $1,540,078Liabilities 2021: $339,189Net Assets 2021: $1,200,8892021Assets 2022: $2,123,363Liabilities 2022: $325,316Net Assets 2022: $1,798,0472022Assets 2023: $2,486,787Liabilities 2023: $197,609Net Assets 2023: $2,289,1782023Assets 2024: $3,098,385Liabilities 2024: $188,320Net Assets 2024: $2,910,0652024

Highlighted filing

2017

Assets$384,027
Liabilities$245,763
Net Assets$138,264
Open 2017 Filing

Operations Trend

Revenue Growth38th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $904,4992010Expenses 2011: $951,8152011Expenses 2012: $1,066,7412012Revenue 2013: $1,055,894Expenses 2013: $1,081,048Net Income 2013: -$25,1542013Revenue 2014: $1,055,838Expenses 2014: $1,061,456Net Income 2014: -$5,6182014Revenue 2015: $1,197,392Expenses 2015: $1,143,048Net Income 2015: $54,3442015Revenue 2016: $1,327,634Expenses 2016: $1,284,368Net Income 2016: $43,2662016Revenue 2017: $1,328,607Expenses 2017: $1,354,409Net Income 2017: -$25,8022017Revenue 2018: $1,472,783Expenses 2018: $1,434,973Net Income 2018: $37,8102018Revenue 2019: $1,455,369Expenses 2019: $1,394,787Net Income 2019: $60,5822019Revenue 2020: $1,861,860Expenses 2020: $1,423,769Net Income 2020: $438,0912020Revenue 2021: $1,929,526Expenses 2021: $1,403,384Net Income 2021: $526,1422021Revenue 2022: $2,098,454Expenses 2022: $1,491,404Net Income 2022: $607,0502022Revenue 2023: $2,066,189Expenses 2023: $1,584,853Net Income 2023: $481,3362023Revenue 2024: $2,309,169Expenses 2024: $1,695,224Net Income 2024: $613,9452024

Highlighted filing

2017

Revenue$1,328,607
Expenses$1,354,409
Net Income-$25,802
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 26, 2018
Return Version
2017v2.3
Gross Receipts
$1,328,607
Mission and Program Overview

Mission

The korean service center is dedicated to provide needed resources and services to vulnerable koreans and other immigrant-americans while striving to promote their rich cultural heritage for all interested people.

The Korean Service Center is dedicated to provide needed resources and services to vulnerable Koreans and other immigrant-Americans while striving to promote their rich cultural heritage for all interest people.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$220,609$205,405▼ $15,204
Accounts Receivable$152,098$158,363▲ $6,265
Cash and Non-Interest-Bearing Accounts$62,863$0▼ $62,863
Savings and Temporary Cash Investments$11,662$20,259▲ $8,597
Prepaid Expenses and Deferred Charges$277$0▼ $277
Total Assets$447,509$384,027▼ $63,482
Liabilities
Other Liabilities$148,292$131,130▼ $17,162
Mortgage Notes Payable Secured by Investment Property$95,157$86,427▼ $8,730
Accounts Payable and Accrued Expenses$39,994$28,206▼ $11,788
Total Liabilities$283,443$245,763▼ $37,680
Net Assets / Fund Balance
Unrestricted Net Assets$149,066$138,264▼ $10,802
Temporarily Rstr Net Assets$15,000$0▼ $15,000
Total Net Assets Fund Balance$164,066$138,264▼ $25,802
Total Liabilities and Net Assets / Fund Balance$447,509$384,027▼ $63,482

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$193,517$56,529$250,046
Equipment$11,888$40,195$52,083
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Yoonju ParkExecutive DirectorFT$73,494$565$74,059

Board Members and Trustees

NameTitle
In Sun HongChairman
Mi Won PaeVice Chairman
Byung Loun LeeBoard Member
Don KwakBoard Member
Hyun KimBoard Member
Jungyong ParkBoard Member
Kay Cha YangBoard Member
Peter HwangeBoard Member
Saahoon HongBoard Member
Tae Hwan KimBoard Member
Hee Yun LeeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$401,917
Program Service Revenue
$926,639
Investment Income
$51
Other Revenue
$0
All Other Contributions
$17,434
Change in Net Assets
$-25,802

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,328,607
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$14,400
Total Revenue per Audited Statements
$1,343,007
Total Revenue per Form 990
$1,328,607
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$966,394
Other Expenses$388,015
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$695,385$49,867-$745,252
Fees for Services Other$165,577$36,796-$202,373
Payroll Taxes$74,019$4,150-$78,169
Current Officers, Directors, Trustees, and Key Employees$69,103$4,956-$74,059
Other Employee Benefits$66,722$2,192-$68,914
Depreciation Depletion-$15,204-$15,204
Office Expenses$14,141$642-$14,783
Occupancy-$8,330-$8,330
Insurance$6,145$1,760-$7,905
Fees for Services Accounting-$6,500-$6,500
Conferences and Meetings$4,375$205-$4,580
Travel$1,683$2-$1,685
Other Expenses$859$-407-$452
Interest$222--$222
Advertising$200--$200
Total Functional Expenses$1,199,001$155,408$0$1,354,409

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,368,809
Expenses per Audited Statements$1,354,409
Total Expenses per Form 990$1,354,409
Expenses Not Reported on Form 990$14,400
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued payroll$127,207
Checks in excess of cash$3,923
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“The Executive Director will review the Form 990.”

Form 990, Part VI, Section B, line 12C

“Conflict of interest disclosure statements are completed and reviewed annually by board members, officers, and employees.”

Form 990, Part VI, Section B, line 15

“The board makes decisions for wages based on the report of The Minnesota Council of Nonprofits which biannually publishes the MN Nonprofit Salary and Benefits Survey. The board is obligated to set the salary of the Executive Director and all positions and wages are approved by the board.”

Form 990, Part VI, Section C, line 19

“These documents are provided upon request.”

Filing and Contact Details

Filer

Filer Name
Korean Service Center
EIN
41-1678348
Phone
6123421344
Address
2417 Larpenteur Ave, Lauderdale, MN 55113

Signing Officer

Name
Yoonju Park
Title
Executive Director
Phone
6123421344
Signed
2018-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yoonju Park
Formed
1990
Legal Domicile
Mn
Voting Board Members
11
Independent Board Members
11
Employees
37
Volunteers
50

Preparer

Firm
Abdo Eick & Meyers
Address
5201 Eden Avenue Suite 250, Minneapolis, MN 55436
Preparer
Jack Abdo
Phone
9528359090
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Contract Salaries: Program service expenses 165,577. Management and general expenses 36,796. Fundraising expenses 0. Total expenses 202,373.”

Form 990, Part XII, Line 2C:

“The process has not changed from prior years.”

Financial Statement Notes

Part X, Line 2:

“During the years ended December 31, 2017 and 2016, the Organization has not incurred any interest or penalties on its tax returns. The tax returns of the organization are subject to possible examination by the taxing authorities. For federal tax purposes, the tax returns essentially remain open for possible examination for a period of three years after the date on which those returns are filed.”

Raw XML AppendixShowing 400 of 497 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt039994
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt028206
IRS990/AccountsReceivableGrp/BOYAmt0152098
IRS990/AccountsReceivableGrp/EOYAmt0158363
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0The Korean Service Center is dedicated to provide needed resources and services to vulnerable Koreans and other immigrant-Americans while striving to promote their rich cultural heritage for all interest people.
IRS990/AdvertisingGrp/ProgramServicesAmt0200
IRS990/AdvertisingGrp/TotalAmt0200
IRS990/AllOtherContributionsAmt017434
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0The Organization
IRS990/BooksInCareOfDetail/PhoneNum06123421344
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02417 Larpenteur Ave
IRS990/BooksInCareOfDetail/USAddress/CityNm0Lauderdale
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055113
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt062863
IRS990/CashNonInterestBearingGrp/EOYAmt00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt04956
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt069103
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt074059
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0205
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt04375
IRS990/ConferencesMeetingsGrp/TotalAmt04580
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt02010
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0401917
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt051
IRS990/CYOtherExpensesAmt0388015
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0926639
IRS990/CYRevenuesLessExpensesAmt0-25802
IRS990/CYSalariesCompEmpBnftPaidAmt0966394
IRS990/CYTotalExpensesAmt01354409
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01328607
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt015204
IRS990/DepreciationDepletionGrp/TotalAmt015204
IRS990/Desc0The Korean Service Center provides varieties of social services for Korean and other immigrants in Minnesota. The services include special access, assisted living, transportation services, caregiver support services for the elderly, and the family enrichment program for families and individuals. Our services are culturally competent and we have served approximately 200 individuals in 2017 who are non-English speaking people.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt037
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01199001
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06500
IRS990/FeesForServicesAccountingGrp/TotalAmt06500
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt036796
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0165577
IRS990/FeesForServicesOtherGrp/TotalAmt0202373
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt11565
IRS990/Form990PartVIISectionAGrp/PersonNm0In Sun Hong
IRS990/Form990PartVIISectionAGrp/PersonNm1Mi Won Pae
IRS990/Form990PartVIISectionAGrp/PersonNm2Hee Yun Lee
IRS990/Form990PartVIISectionAGrp/PersonNm3Byung Loun Lee
IRS990/Form990PartVIISectionAGrp/PersonNm4Tae Hwan Kim
IRS990/Form990PartVIISectionAGrp/PersonNm5Peter Hwange
IRS990/Form990PartVIISectionAGrp/PersonNm6Don Kwak
IRS990/Form990PartVIISectionAGrp/PersonNm7Kay Cha Yang
IRS990/Form990PartVIISectionAGrp/PersonNm8Saahoon Hong
IRS990/Form990PartVIISectionAGrp/PersonNm9Jungyong Park
IRS990/Form990PartVIISectionAGrp/PersonNm10Hyun Kim
IRS990/Form990PartVIISectionAGrp/PersonNm11Yoonju Park
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1173494
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Executive Director
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01990
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingAmt02010
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt0382473
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01328607
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01760
IRS990/InsuranceGrp/ProgramServicesAmt06145
IRS990/InsuranceGrp/TotalAmt07905
IRS990/InterestGrp/ProgramServicesAmt0222
IRS990/InterestGrp/TotalAmt0222
IRS990/InvestmentIncomeGrp/ExclusionAmt051
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt051
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt096724
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0220609
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0205405
IRS990/LandBldgEquipCostOrOtherBssAmt0302129
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Korean Service Center is dedicated to provide needed resources and services to vulnerable Koreans and other immigrant-Americans while striving to promote their rich cultural heritage for all interested people.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt095157
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt086427
IRS990/NetAssetsOrFundBalancesBOYAmt0164066
IRS990/NetAssetsOrFundBalancesEOYAmt0138264
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt08330
IRS990/OccupancyGrp/TotalAmt08330
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0642
IRS990/OfficeExpensesGrp/ProgramServicesAmt014141
IRS990/OfficeExpensesGrp/TotalAmt014783
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02192
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt066722
IRS990/OtherEmployeeBenefitsGrp/TotalAmt068914
IRS990/OtherExpensesGrp/Desc0Program Expense
IRS990/OtherExpensesGrp/Desc1Maintenance
IRS990/OtherExpensesGrp/Desc2Dues and subscriptions
IRS990/OtherExpensesGrp/Desc3Miscellaneous
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt020703
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12983
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21525
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3-407
IRS990/OtherExpensesGrp/ProgramServicesAmt091993
IRS990/OtherExpensesGrp/ProgramServicesAmt13852
IRS990/OtherExpensesGrp/ProgramServicesAmt24725
IRS990/OtherExpensesGrp/ProgramServicesAmt3859
IRS990/OtherExpensesGrp/TotalAmt0112696
IRS990/OtherExpensesGrp/TotalAmt16835
IRS990/OtherExpensesGrp/TotalAmt26250
IRS990/OtherExpensesGrp/TotalAmt3452
IRS990/OtherLiabilitiesGrp/BOYAmt0148292
IRS990/OtherLiabilitiesGrp/EOYAmt0131130
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt049867
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0695385
IRS990/OtherSalariesAndWagesGrp/TotalAmt0745252
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04150
IRS990/PayrollTaxesGrp/ProgramServicesAmt074019
IRS990/PayrollTaxesGrp/TotalAmt078169
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0277
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Yoonju Park
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0624100
IRS990/ProgramServiceRevenueGrp/Desc0Program Service Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0926639
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0926639
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0451662
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07
IRS990/PYOtherExpensesAmt0337257
IRS990/PYOtherRevenueAmt0-2310
IRS990/PYProgramServiceRevenueAmt0878275
IRS990/PYRevenuesLessExpensesAmt043266
IRS990/PYSalariesCompEmpBnftPaidAmt0947111
IRS990/PYTotalExpensesAmt01284368
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01327634
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-25802
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0926639
IRS990/SavingsAndTempCashInvstGrp/BOYAmt011662
IRS990/SavingsAndTempCashInvstGrp/EOYAmt020259
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt01600
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt01800
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt06540
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt09940
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0401917
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0451662
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0282142
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0254955
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0238148
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01628824
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt051
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt07
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt064
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0926639
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0878275
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0915246
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0800882
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0811740
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04332782
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt051
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt064
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0-2310
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt06005
IRS990ScheduleA/OtherIncome509Grp/TotalAmt03695
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.69230
IRS990ScheduleA/PublicSupportPY509Pct00.83800
IRS990ScheduleA/PublicSupportTotal509Amt04129823
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0920142
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0769768
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt075786
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt066087
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01831783
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0918542
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0767968
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt069246
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt066087
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt01821843
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01328556
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01329937
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01197388
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01055837
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01049888
IRS990ScheduleA/Total509Grp/TotalAmt05961606
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01328607
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01327634
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01197392
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01055838
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01055894
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05965365
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0193517
IRS990ScheduleD/BuildingsGrp/DepreciationAmt056529
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0250046
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt014400
IRS990ScheduleD/DonatedServicesUseFcltsAmt014400
IRS990ScheduleD/EquipmentGrp/BookValueAmt011888
IRS990ScheduleD/EquipmentGrp/DepreciationAmt040195
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt052083
IRS990ScheduleD/ExpensesNotReportedAmt014400
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01354409
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0127207
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13923
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued payroll
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Checks in excess of cash
IRS990ScheduleD/RevenueNotReportedAmt014400
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01328607
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0During the years ended December 31, 2017 and 2016, the Organization has not incurred any interest or penalties on its tax returns. The tax returns of the organization are subject to possible examination by the taxing authorities. For federal tax purposes, the tax returns essentially remain open for possible examination for a period of three years after the date on which those returns are filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0205405
IRS990ScheduleD/TotalExpensesPerForm990Amt01354409
IRS990ScheduleD/TotalLiabilityAmt0131130
IRS990ScheduleD/TotalRevenuePerForm990Amt01328607
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01343007
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01368809
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Executive Director will review the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of interest disclosure statements are completed and reviewed annually by board members, officers, and employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board makes decisions for wages based on the report of The Minnesota Council of Nonprofits which biannually publishes the MN Nonprofit Salary and Benefits Survey. The board is obligated to set the salary of the Executive Director and all positions and wages are approved by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3These documents are provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Contract Salaries: Program service expenses 165,577. Management and general expenses 36,796. Fundraising expenses 0. Total expenses 202,373.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The process has not changed from prior years.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$384,027
Liabilities
$245,763
Net assets
$138,264
Revenue
$1,328,607
Expenses
$1,354,409
Net income
-$25,802
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.10$0.19$2.91$2.31$1.70$0.61
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.49$0.20$2.29$2.07$1.58$0.48
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.12$0.33$1.80$2.10$1.49$0.61
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.34$1.20$1.93$1.40$0.53
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.08$0.41$0.67$1.86$1.42$0.44
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.48$0.24$0.24$1.46$1.39$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.25$0.18$1.47$1.43$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.38$0.25$0.14$1.33$1.35$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$0.28$0.16$1.33$1.28$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.37$0.24$0.12$1.20$1.14$0.05
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.31$0.24$0.07$1.06$1.06$0.01
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.30$0.23$0.07$1.06$1.08$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.24$0.10$1.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.21$0.14$0.95
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.10$0.23$0.90